Comment / Vector Logistics – AP Møller Capital acts as 'distressed buyer'

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The announcement that AP Møller Capital (APMC) has agreed this week to purchase Vector Logistics from its listed owner, South Africa’s RCL Foods, is one of those side transactions that would not deserve a mention in a bull market for M&A.

But it does now.

Even more, as the the APMC affiliate of AP Møller Holding (APMH) struck a deal soon after APMH itself, which controls 51.45% of the voting rights in AP Møller–Mærsk (APMM), recently agreed to acquire Mærsk Supply Service ...